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To: schrodingers_cat who wrote (125191)5/17/2001 9:41:37 AM
From: Glenn D. Rudolph  Respond to of 164684
 
it also seems likely that demand for gas is down because manufacturing is down.

SC,

I can only guess but this would likely be main culprit. I expect (clearly do not know)many of the factories to start up again in mid July. Most close for vacation the first two weeks in July normally when there is demand. That will also be peak cooling time of year so we will see.

My very humble opinion is there is still a lot of upside in natural gas. The main reason is the in construction gas powered power plants that were started about a year ago due to the heavy electrical demand. Most of these will come on-line within then next nine to eighteen months and that will consume a lot of natural gas. There are three plants coming on-line in PA mid to late summer alone. Three plants of I know outside New York City. There are many others. I believe there are quite a few in the works around CA and they are gas powered too. Don't sell gas short LOL;-)